About PNB

Punjab National Bank (PNB) is a nationalised public sector bank, headquartered in New Delhi. Founded in 1895 and having more than 120 years of experience in the Indian market, PNB is the second largest public sector bank of India with a wide presence of 6,081 branches, 6940 ATMs and a customer base of 8.9 crore as on March 2014. PNB has over 63,000 employees to cater to the needs of consumers across the country. The bank also has a reasonable large international presence with its subsidiary in UK and branches in Hong Kong, Dubai etc. as it tends to focus on NRIs as well.
PNB has equity shares listed on BSE and NSE with its majority shareholder being Govt. of India. As on June 2014 PNB had assets worth Rs 5,46,808 crore showing a growth of 13.6% over last year. PNB also recorded a net profit of Rs 3,343 crore and total advances of Rs. 3,49,269 crore for the year ended March 2014. PNB has been a pioneer in experimenting and introducing various innovative business models to improve financial inclusion in the country.
It was awarded Golden Peacock Innovative Product /Service Award 2014 by Institute of Directors and it was ranked 170th on the list of Top 1000 banks worldwide by The Banker Magazine in 2013.

Punjab National Bank organised an awareness camp on Digital Banking. The camp was held at the branch of village Kotli Jabowal, Arnia on Indo-Pak border. The focus of the camp was to spread awareness about the benefits of opening a saving account and using digital banking applications.

07th Dec 16 PNB partners with Ola to deploy mobile ATMs

Punjab National Bank has announced partnership with Ola (Cab aggregators) to facilitate cash withdrawal to citizens via mobile ATM machines. The bank will deploy mobile ATM machines in Ola cabs that will initially target the area around Delhi and NCR.

01st Dec 16 Punjab National Bank reduces its MCLR up to 10 bps

Punjab National Bank has reduced its overnight and six months marginal cost of lending rates to 8.90 and 9.10 percent from 9 and 9.20 percent earlier. Minimum MCLR rates for one year and five year tenure are also reduced by 10 basis points to 9.15 and 9.45 percent from 9.25 and 9.50 percent respectively. New rates are effective from 1st December, 2016.

11th Nov 16 PNB to calibrate their 10,000 ATMs by the end of the month to disburse new notes

Punjab National Bank plans to adjust their 10,000 ATM machines to disburse new currency notes of Rs. 500 and Rs. 2,000 by the end of the month. The step is taken after Prime Minister announced the demonetization of Rs. 500 and Rs. 1,000 notes to remove black money from the economy.

Punjab National Bank reported a decline in its net profit by 11.5 percent in July to September quarter due to rise in bad loans. The net profit fell to Rs. 549.36 crores as compared to Rs. 621.03 crores in same quarter of last year. Provision for bad loans increased by 34.6 percent to Rs. 2,534 crores from Rs. 1,882 crores in same period last year.

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